For years, scientists have been warning that higher temperatures will reduce the bounty of farms around the globe: The National Climate Assessment forecasts smaller harvests in the United States. One Continue Reading
Lebanon is struggling with severe electricity and water shortages after two of the country’s main power plants ran out fuel, the latest manifestation of a financial crisis that shows little Continue Reading
India received no bids for 48 of the 67 mines up for sale as part of its plan to open up coal mining to private companies, reflecting little investor appetite Continue Reading
Several countries around Asia and the Pacific that are experiencing their first major surges of the coronavirus rushed to impose tough restrictions, a year and a half into a pandemic Continue Reading
South Korea is increasing social distancing curbs in its capital to the highest level after a steep rise in coronavirus infections amid a slow vaccine rollout. The country reported 1,316 new coronavirus Continue Reading
China said Friday that it would release more liquidity into the financial system as inflation worries showed signs of ebbing, replaced by concerns that the recovery is slowing more quickly than expected. Continue Reading
U.S. energy firms added oil and natural gas rigs for a second week in a row as oil prices recently rose to their highest since Oct. 2018, prompting some drillers Continue Reading
The surging, post-pandemic U.S. economy is driving an unexpected boom in coal, the latest sign that demand for the dirtiest fossil fuel remains resilient. American coal production this year will Continue Reading
Last month was the hottest June on record in North America, with more than 1,200 daily temperature records broken in the final week alone. But overlooked in much of the coverage were Continue Reading
Reservoir levels are dropping throughout the West, as the drought tightens its grip on the region and intense summer heat further stresses both water supply and the surrounding landscape. Many Continue Reading
The number of oil and gas rigs in the United States is up 4 this week, according to Baker Hughes , with the total rig count at 479, up 221 Continue Reading
Chicago basis to Henry Hub slips Prices still strong enough to prompt fuel switching Below-normal temperatures combined with rapidly refilling natural gas storage fields in the US Midwest are dragging Continue Reading
Thousands of oil wells can become orphaned as bankruptcies occur State and federal funding are limited for cleanup, plugging efforts White House, lobbying groups propose cash injections, reforms A growing Continue Reading
A European Union plan to extend carbon pricing to the fuel used in cars and to heat homes is facing a wall of early resistance from countries and lawmakers fearing Continue Reading
Vestas Wind Systems A/S booked a pre-order for what will be the world’s largest wind turbine. German utility EnBW Energie Baden-Wurttemberg AG is set to be the first customer to Continue Reading
Volkswagen AG VOW 5.95% warned that the global shortage of semiconductors affecting car production would worsen over the next six months, joining a chorus of auto companies that have dialed down their outlook for Continue Reading
The fast spread of the Covid-19 Delta variant in Spain and some other parts of Europe is prompting authorities to reintroduce restrictions, fueling fears that a new wave of infections could disrupt Continue Reading
Crude oil futures were steady during mid-morning trade in Asia July 9, as bullishness due to robust US Energy Information Administration data faded quickly amid concerns over a rise in Continue Reading
Oil headed for the biggest weekly loss since May as a dispute between Saudi Arabia and the United Arab Emirates clouded the outlook for supply just as the spread of Continue Reading
Oil prices rose on Thursday, rebounding from early losses after U.S. government data showed a much bigger drop than expected in crude and gasoline inventories. Still, Brent prices remained about Continue Reading
Oil rebounded after a U.S. government report showed rapidly declining inventories and record-high fuel demand in the midst of the peak summer driving season. Futures edged higher after earlier falling Continue Reading
Hydrogen has become a buzzword that has stirred the energy industry. Although some fossil fuel-dependent countries feel threatened, others see opportunities. And while skeptics first dismissed it as a ‘hype’, Continue Reading
The UAE took oil market watchers by surprise this month when it dug its heels in and refused to agree to an extension of the current OPEC+ production control deal Continue Reading
Saudi pumps at a five-month high of 8.97 mil b/d Russian output flat at 9.51 mil b/d OPEC+ quota compliance dips to 110% Iraq, Nigeria improve their compliance OPEC and Continue Reading
In a relatively rare example of disagreement — or, at least, such public disagreement — usually close allies Saudi Arabia and the United Arab Emirates (UAE) have failed to reach Continue Reading
Turkey’s state-owned energy company TPAO has applied for a license to explore crude oil in the eastern Mediterranean, the Turkish Energy Ministry said in a statement in the country’s Official Continue Reading
The world’s largest oil company, Saudi Aramco , is planning to raise tens of billions of dollars by selling more stakes in its businesses. The Saudi Arabian state-controlled firm created Continue Reading
A small Canadian oil explorer may have shocked the industry this year when it published initial results that pointed to the potential of a giant oil discovery in Namibia’s Kavango Continue Reading
India’s newly appointed Petroleum Minister, Hardeep Singh Puri, plans to boost domestic production of oil and gas and increase the role of natural gas in the country’s energy mix as Continue Reading
Venezuela’s state-run oil company PDVSA has started producing two upgraded crude grades for domestic refining, aiming at reanimating the country’s much-needed output of motor fuels, according to a company document Continue Reading
When the first gas from CNOOC Ltd’s new ultra-deep field in the South China Sea started flowing in late June to the world’s largest customized floating platform 1,500 meters above Continue Reading
After a yearlong run-up that pushed producer inflation to the highest level in more than a decade, China’s factory-gate prices rose at a slightly slower pace in June, raising hopes Continue Reading
Governments across the Asia-Pacific region are rushing to impose tougher lockdown measures to combat the spread of the highly infectious Covid-19 Delta variant. The sudden resurgence of coronavirus outbreaks is Continue Reading
Just five Asian countries are now producing the vast majority of the region’s coal, with little intention of reining in production as several companies invest in new coal plants. According Continue Reading
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base July 8 (Reuters) – U.S. crude Continue Reading
Gasoline demand surged to a a record high as Americans took to the road for the July 4th holiday weekend. Gasoline supplied, a proxy for demand, rose to 10 million Continue Reading
The recent bout of higher oil prices is unlikely to make much of a dent in the global recovery, according to economists who say strong growth and flush consumers in Continue Reading
Last week, a “thousand-year” heat wave baked the Pacific Northwest and adjacent British Columbia with widespread highs topping 100 degrees, resulting in a death toll in the hundreds. Lytton, Canada, climbed to Continue Reading
U.S. crude oil production is not expected to pick up a significant growth pace at least until the end of this year, the Energy Information Administration (EIA) said in its Continue Reading
Gasoline stocks fall 6.08 million barrels Implied demand hits 10.04 million b/d Crude stocks draw 6.87 million barrels US gasoline stocks moved sharply lower in the week ended July 2 Continue Reading
California’s power grid operator on Thursday issued a “flex” alert for Friday, asking consumers to conserve energy from 4 p.m. to 9 p.m. as high demand driven by extreme heat Continue Reading
Children are at extremely slim risk of dying from Covid-19, according to some of the most comprehensive studies to date, which indicate the threat might be even lower than previously Continue Reading
A top Federal Reserve official has warned the spread of the Delta coronavirus variant and low vaccination rates in some parts of the world pose a threat to the global Continue Reading
After seven consecutive weeks of gains, oil prices have gone into reverse gear once again, thanks mainly to the latest OPEC+ spat that left everyone wondering what to expect next. Continue Reading
Way back in March, a veritable eternity ago if you measure by the daily news cycle, Oilprice reported that high oil prices were coming down the pike, and while oil Continue Reading
Gasoline stocks fall 6.08 million barrels Implied demand hits 10.04 million b/d Crude stocks draw 6.87 million barrels US gasoline stocks moved sharply lower in the week ended July 2 Continue Reading
Wind and solar power capacity expanded rapidly in 2020 while global energy demand cratered because of the pandemic, yet this did not yet reflect a “decisive shift” towards meeting U.N.-backed Continue Reading
Eni (ENI.MI) has agreed to buy one of the largest onshore wind portfolios in Italy from fund manager Glennmont Partners as part of plans to expand its green energy business. Continue Reading
Crude oil futures extended overnight losses during mid-morning Asian trade July 8 as the release of bullish American Petroleum Institute data failed to lift market sentiment, amid fears of a Continue Reading
Oil prices fell for a third day on Thursday amid uncertainty oversupply after the collapse this week of talks among major producers which could potentially cause the current output agreement Continue Reading
